Step by step, gold reaches the peak of 2400

Analysis of gold price prospects XAUUSD
On the daily chart, although gold has corrected since approaching the 1% Fibonacci extension at $2,356, which readers noticed in the weekly edition, it has since taken support from area of the 0.786% Fibonacci level and increased again to approach the $2,356 level once again.

A position being tested many times means that the effectiveness of that technical position will no longer be much. However, at the present time, the level of 2,356USD still serves as the closest notable resistance level.

The main trend of gold price remains unchanged with the main uptrend from all technical indicators. Expecting a downside correction should be targeted in the short term with the nearest support at the $2,311 – $2,300 area, while defending open positions expecting a downside correction should be placed behind the level. 2,356 USD.

During the day, the technical outlook of gold prices will be noticed by the following price levels.

Support: 2,311 – 2,300USD
Resistance: $2,400

In recent times, we (traders) always have to be mentally ready to face major fluctuations in the market, it has become very normal for gold to move 1% to over 2% every working day. often.

Apr 11
Comment:
Gold prices dive following US inflation report, tempers Fed easing speculation
Gold price is on the defensive on Wednesday following the release of March inflation figures in the United States. The figures witnessed an uptick in monthly and annual readings and might dent the Federal Reserve’s intentions of easing policy.

Apr 11
Comment:
update new strategy

Apr 13
Comment:
Gold has fomo war news and reached another record level of 2430 and will continue to increase by more than half next week.

16 hours ago
Trade closed: target reached:
Hit FULL TP

（Source from: TV-Yasuri_trading）